NT bro !!!
1. Use SL as per Pivot or fixed percentage of instruments ,which ever is less, how to find out ?? only through back test
2. Trading needs a method with edge,edge should not only through profit factor ,but also the SL level,don't concentrate on individual trades,we need series of trades,successful trading needs winning more then what we lose
3. in my case running trade entry was mistake ,in previous years it was weekly affair for me
,but now i,m facing this after 6 months..till i have a lose limit per day in this case also..
4. if you are effected by fearing of losing , that means you have not covered back test part very well end result trust deficiency !!!
Back testing : Just copied from my Old post
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But there are two more items which we should check, one is luck factor and another recovery factor
Luck factor: (% of highest winning trade / % of average winning trade). it should be very less, if it is 5 or 7 then system success depends of few extraordinary trades,which is not good !!!
Recovery factor : ( total net profit / absolute draw down) it should more then 2
Profit factor: Edge of the system